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Author Topic: Can you use Bitcoin as a practical currency?  (Read 1870 times)
BCTalkaccountforsale
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October 04, 2018, 03:36:35 PM
 #221

For Bitcoin to become a popular currency, Bitcoin must be accepted by everyone. But it is difficult for people to use Bitcoin to young, so older people and children may not know Bitcoin. I think Bitcoin is a very hard currency to disseminate
entar pasar
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October 04, 2018, 03:45:10 PM
 #222

I think it's easy to use bitcoin, just as practically as we pay using a credit card, but it's easier, we just need a bitcoin wallet and wallet address from retail seller, we can send bitcoin from our wallet to the seller's wallet through that address, there are some retailers who have provided QR code on the cashier, so we only need to scan the QR code to pay for it

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Madiha
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October 05, 2018, 02:23:27 AM
 #223

i think, bitcoin is a practical currency, which we can use online payment system easily. but we dont use it paper currency any country quickly . we can do exchange.
Beatrix77
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October 05, 2018, 02:31:58 AM
 #224

Currently, electronic payment is widely and widely used. People won't have to go to the bank to withdraw money, keep money and can pay anywhere with just a phone. Trading becomes easier and faster, contributing to stimulating trade. Some stores now accept bitcoin deals as a new payment method.
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October 05, 2018, 02:35:53 AM
 #225

Yes, you can use BTC as a safe, convenient, cheap and fast practical currency
Bitcoin can also be used as a payment gateway for transactions that do not require complicated things
everything can be done simply by Bitcoin, and is very suitable for practical people

royaljack200
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October 05, 2018, 02:36:32 AM
 #226

It is practical. It won't replace our main currency at least not now but it's convenient as you can pay for anything without using any important information. It was created as a means to make online payments easy and quick.
market-beta
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October 05, 2018, 02:50:28 AM
 #227

if for now it still can't, bro. using bitcoin as a currency. except for fellow members. because the government in my country Indonesia still prohibits bitcoin from being used as a legal currency like paper currency
lombok
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October 05, 2018, 05:52:50 AM
 #228

Yes, of course, where I live there is a car repair shop that wants to accept payments using bitcoin but not everyone already has the bitcoin. But I always give understanding to the community to be more confident in cryptocurrency
kokobaba880
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October 05, 2018, 06:09:47 AM
 #229

It is not very interesting that many coins are universally acceptable and if crypto exchange in operating in every country that would be more good because the people will more trust and they will make transactions in crypto and now you can pay every where in the world so it is also a practical currency.

Nnedaddy1
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October 05, 2018, 06:51:47 AM
 #230

If by "practical currency" you meant fiat, then the answer is no.

Bitcoin is a decentralized virtual currency.
It is fiat and I do not think it's possible for it to become fiat as that would defeat the purpose of its creation by Satoshi  .N.
fzavertuk
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October 05, 2018, 07:57:09 AM
 #231

I believe so. How many things did not happen in the market. Bitcoin is still alive. And what's more, he's still the king of crypto. Therefore, I can say with confidence that bitcoin is practical
ribowo76
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October 05, 2018, 08:20:28 AM
 #232

For now, there may still be many people who have difficulty using bitcoin as a payment instrument. One reason, maybe because there are still many countries that do not have regulations for bitcoin. But I believe, someday. When everything is ready, bitcoin will be accepted globally as a means of payment  Smiley
Bonnie113
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October 05, 2018, 08:29:32 AM
 #233

he use of bitcoin as a payment method is widely used by people. Some stores in countries have accepted this payment method. You buy a pizza or something at those stores and pay with bitcoin if you want.
pinoyden
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October 05, 2018, 08:31:19 AM
 #234

For now, there may still be many people who have difficulty using bitcoin as a payment instrument. One reason, maybe because there are still many countries that do not have regulations for bitcoin. But I believe, someday. When everything is ready, bitcoin will be accepted globally as a means of payment  Smiley

bitcoin is already been recognized around the globe and bitcoin is not also diffcult to understand because it is only a virtual currency just like paypal . regulation is not also the reason on why some countries ban bitcoin .  bitcoin is decentralized and cannot ever be regulatize or control by a government . they can only ban physical shop and stores that accepts bitcoin , they can also ban websites that is related to bitcoin but it is still possible to access and use bitcoin using a third party software .
Snyderfx2
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October 06, 2018, 03:01:36 PM
 #235

You can use bitcoin in various stores that have received bitcoin into a payment tool. I think bitcoin is a revolutionary technology and I think bitcoin will continue to grow year by year.
Absolutely but still we don't see many bitcoin payment options because still bitcoin is adapting into businesses so it is still progressing in the financial world but soon people will have large number of bitcoin payment options and that will increase the use of bitcoin as a currency than we see today but for that to happen I think the current volatility should be change because otherwise it can make an disadvantage for both consumer and the company

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Kim Addington
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October 06, 2018, 03:14:24 PM
 #236

A retailer could not only save money by paying less fees than credit cards, but could also save money/time/resources by using bitcoin to buy the bulk items they sell in stores. Walmart, for example, using bitcoin behind the scenes to buy what they sell. This idea is touched upon in the book The Age of Cryptocurrency.
April Ford
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October 06, 2018, 03:32:52 PM
 #237

You can spend Bitcoin (and other cryptocurrencies) on any item or service that the provider will accept Bitcoin as payment. For Example, a bank will not allow you to pay your mortgage in cryptocurrency, but you may be able to purchase a house with cryptocurrency if the seller is willing to accept it.
Certain states, such as Vermont and Arizona, are beginning to allow cryptocurrency for tax payments, and many people are pushing the IRS to allow tax payments in cryptocurrency as well.
Also, one of the benefits of Bitcoin are to have an immutable historic record or payment, so it may be beneficial for large purchases while not as important for smaller, more average transactions such as purchasing a cup of coffee.
yoseph
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October 06, 2018, 04:08:51 PM
 #238

A retailer could not only save money by paying less fees than credit cards, but could also save money/time/resources by using bitcoin to buy the bulk items they sell in stores. Walmart, for example, using bitcoin behind the scenes to buy what they sell. This idea is touched upon in the book The Age of Cryptocurrency.
Consumers would want to switch from using their credit cards to using Bitcoins because of all the fees associated with using their credit cards for purchases. Bitcoin is already a practical currency due to its popularity for making payments all over.
anshkumandhan
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October 06, 2018, 04:37:31 PM
 #239

I do not know much about it,but I have found through my personal sources and crypto news that in some countries,Pizza and cold drinks can be bought in exchange for crypto currency.Hopefully soon all the resource and resources of life can be bought by crypto currency.Hopefully,all countries will soon validate it.
noorammak
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October 06, 2018, 05:24:09 PM
 #240

All of us who are participants and are using cryptocurrency want BTC to be the official currency and used in commodity trading. But as you see, we are fighting the whole world. I think this will take time.

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